The Japan Wool Textile Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 2.83% for ¥2,400 million.
July 13, 2023 at 02:00 am EDT
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The Japan Wool Textile Co., Ltd. (TSE:3201) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 2.83% of its issued share capital, for ¥2,400 million. The company will repurchase its shares in order to improve capital efficiency and ultimately maximize corporate value and shareholder value.
The program will run until December 20, 2023. As of March 31, 2022, the company had 70,755,530 shares outstanding (excluding treasury shares) and 7,723,328 shares in treasury.
Japan Wool Textile Co Ltd is a Japan-based company mainly engaged in the human and future development business, textile and clothing materials business and industrial machinery and materials business. It has four business segments. Human and Future Development segment is engaged in the development, leasing and operation of shopping centers, the construction, sales and rental of real estate, the operation of sports facilities. Textile and Clothing Materials segment provides wool and uniform textile materials and products. Industrial Machinery and Materials segment is engaged in the manufacture, processing and sale of textile material products such as nonwoven fabrics and felts, the manufacture and sale of tennis and badminton gut, fishing line and other industrial materials. Consumer Goods and Services segment provides blankets, bedding products, interior products, hand-knitted wool, harness and riding equipment, and the wholesale of household goods. It also sells medical equipment.
THE JAPAN WOOL TEXTILE CO., LTD. 
